Smart2Pay Adds Ant Financial's HUABEI Credit Card To Its Payments Portfolio
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: PR Web
LAREN, The Netherlands (PRWEB) March 26, 2020 Smart2Pay, the company with the world's largest coverage of online alternative payment solutions, has added Huabei credit solution to its 200+ payment methods portfolio.With this new feature, Smart2Pay offers its Merchants an additional means to tapping into the Chinese market, besides the popular methods like Alipay, Wechat Pay and UnionPay that Smart2Pay already offers.Huabei is Ant Financial's virtual credit card for its Chinese users. Some internal shareholders estimated that, of Alipay's 900 million Chinese users, more than half have created Huabei accounts. Huabei literally means 'just spend' and is generally perceived as a microlender.Huabei may be used for all online and offline purchases via Alipay wallet. Users of Alipay can set Huabei as their default payment option, meaning that their purchases are first made with credit before funds are debited from their Alipay account. As well, when Huabei is used to shop, the user must ret
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